An agreement between Canada and the U.S. to lift tariffs on steel and aluminum is receiving universal approval from construction employers from coast to coast as well as steel manufacturers and steel workers. Canadian Construction Association (CCA) president Mary Van Buren says employers are elated with the news, as the tariffs were disrupting supply chains and slowing down the country’s economy. “The Canadian Construction Association was thrilled to hear that Canada and the U.S. reached a decision in May to lift steel and aluminum tariffs. “The news will bring much needed relief to the construction industry, helping to restore business confidence and create stability in the marketplace.” The tariffs had a “serious” impact on the Canadian economy owing to the sheer volume of the market, said Van Buren, with about $5.5 billion (U.S.), or 83 per cent of Canadian steel being sent south of the border, while $6 billion (U.S.), or 43 per cent of American steel, is exported to Canada. “The tariffs disrupted supply chains and created uncertainty at a time when Canada is investing billions of dollars necessary to build its infrastructure.” Van Buren said the CCA has long advocated for reciprocity and the establishment and maintenance of a free-flowing international system of trade. “The end of this tariff dispute with the U.S. will provide stability for our membership and is a step in the right direction to restore investor confidence in Canada.” Catherine Cobden, president of the Canadian Steel Producers Association (CSPA), which represents producers and their 23,000 direct employees, says removal of the tariffs is positive news READ HERE
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